41-50 of 889 results

The growing importance of ESG due diligence
Insight 16 Nov 2021

Environmental, social and governance (ESG) issues are a major focus of many companies, their stakeholders and regulators. Companies are exploring how to embrace the opportunities that may arise from a well-executed ESG strategy and navigate the risks that ESG issues present, particularly in a period of evolving laws and standards, stakeholder expectations and shareholder activism. ...

Privacy Act reforms: a new Online Privacy Code
Insight 08 Nov 2021

In late October, the Attorney-General's Department released a long-awaited Exposure Draft of the Privacy Legislation Amendment (Enhancing Online Privacy and Other Measures) Bill (Online Privacy Bill) to amend the Privacy Act 1988 (Privacy Act). ...

ASIC publishes updated guidance on hawking reforms
Insight 27 Oct 2021

Under the new hawking prohibition in sections 992A and 992AA of the Corporations Act 2001 (Cth) (Corporations Act), a person must not offer a financial product to a retail client (consumer) in the course of, or because of unsolicited, real-time contact. ...

October compliance deadlines: rounding up the last-minute changes
Insight 27 Oct 2021

October marks the commencement of the design and distribution obligations (DDO) regime, the deferred sales model for add-on insurance (DSM), changes to the anti-hawking rules, refreshed standards for internal dispute resolution systems and, to top it all off, a new breach reporting regime. ...

Government response to class action inquiries
Insight 25 Oct 2021

Last week, the Federal Government published its long-awaited response to the ALRC and Parliamentary Joint Committee on Corporations and Financial Services Report's inquiries into class actions. ...

Class Action Risk: Interim update
Insight 19 Oct 2021

2021 has been an unusual year in many respects and class actions have not been immune from both the pressures and distractions of COVID-19, and other challenges not linked to the pandemic. With nine months of the year behind us, a reasonably clear picture of class action activity is starting to take ...

Captive to no one: Australian Government releases its Ransomware Action Plan
Insight 18 Oct 2021

The Department for Home Affairs has released the Australian Government's Ransomware Action Plan (the Plan). This development forms part of the Government's Cyber Strategy and is the latest in a series of actions taken by the Government to combat the escalating threat of ransomware and extortion. ...

Enforcement and litigation risk in insurance
Insight

There is a growing appetite for litigation and regulatory enforcement in the insurance industry. In the wake of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Financial Services ...

APRA releases the final version of Prudential Standard CPS 511 (Remuneration) with further regulation of remuneration disclosures to follow
Insight 28 Sep 2021

APRA has released the final version of its prudential standard on remuneration (CPS 511), seeking to regulate incentive structures across all APRA-regulated entities. ...

Retirement income covenant – one step closer to reality
Insight 28 Sep 2021

The proposal for a specific covenant requiring super trustees to formulate, and give effect to, a retirement income strategy for members was first announced as part of the 2018-19 Federal Budget, and slated to be introduced into the Superannuation Industry (Supervision) Act 1993 (Cth) (SIS Act) by 1 July 2020. ...

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